TheStreet upgraded CVR Refining LP (NYSE:CVRR) to Hold in a statement released earlier today.
- Updated: October 7, 2016
TheStreet has upgraded CVR Refining LP (NYSE:CVRR) to Hold in a report released on Thursday October 06, 2016.
Just yesterday CVR Refining LP (NYSE:CVRR) traded -1.57% lower at $8.80. CVR Refining LP’s 50-day average is $8.03 and its two hundred day average is $8.99. With the last close down -2.09% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time period. 273,042 shares of the stock traded hands, down from an average trading volume of 951,065
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CVR Refining LP has a 52 week low of $5.50 and a 52 week high of $22.74 with a P/E ratio of 49.16 The company’s market cap is currently $0.
Also covering CVR Refining LP's price target, a total of 7 brokerages have issued a report on the stock. The consensus target price is $11.14 with 0 equity analysts rating the company a strong buy, one analyst rating the company a buy, six analysts rating the company a hold, 1 brokerage rating the company a underperform, and lastly 1 broker rating the stock a sell.
General Information About CVR Refining LP (NYSE:CVRR)
CVR Refining, LP is an independent downstream energy limited partnership. The Company has refining and related logistics assets that operate in the mid-continent region. The Company is a petroleum refiner and it owns approximately two refineries in the underserved Group 3 of the PADD II region of the United States. It owns and operates a full coking medium-sour crude oil refinery in Coffeyville, Kansas with a capacity of approximately 115,000 barrels per calendar day (bpcd) and a crude oil refinery in Wynnewood, Oklahoma with a capacity of over 70,000 bpcd capable of processing over 20,000 bpcd of light sour crude oils. It also controls and operates supporting logistics assets, including approximately 340 miles of owned and leased pipelines; approximately 150 crude oil transports; a network of crude oil gathering tank farms; over 7.0 million barrels of owned and leased crude oil storage capacity, and approximately 4.5 million barrels of combined refinery related storage capacity.
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